EditShare, the company behind Academy and Emmy award-winning video editing software Lightworks announced plans to release its product under an open source license. Lightworks was most recently used to edit movies like Shutter Island and Centurion, but is also credited with helping create otehr films like Hitchhiker's Guide to the Galaxy and Mission Impossible.
Lightworks Open Source is packed with a ton of features including 3D editorial functionality, native RED editing, native 2K support with DPX and RED, and Universal Media File support. It can also share media and work in tandem with other editing software such as Final Cut Pro and Avid.
Under development since 1989, the Lightworks project was acquired by EditShare in 2009. The company says releasing it under an open source license so it can reach its "full potential."
Screenshot of Lightworks